OnlyCashSurveys.com is new company entering the online paid survey market. Though they are very new and don’t seem to have a lot of buzz, there are some things we know about them.

First, and I can’t say it enough, when it comes to online paid surveys the number one rule to remember is that you should never pay for the option to take surveys. Legitimate companies are paid not by you, but the companies they service. Only Cash Surveys does not ask for money from its members in any way – no one time fees, no membership fees. So this is a good sign.

Second, they require all their members to create a PayPal account for online cash payments. This means that Only Cash Surveys deals with real monetary rewards, not point systems or prize rewards like many other survey companies. They do require that you have earned a minimum amount toward your account before they’ll schedule payouts, however, so keep that in mind.

Finally, it’s easy to sign up at OnlyCashSurveys.com. All you need is an email address and the time to fill out a short questionnaire helping them gather information to determine what specific demographics you fit into to see what surveys would fit you best.

Now, there are some things that you should be aware of before doing business with OnlyCashSurveys.com.

Once you register, you’ll immediately see a list of surveys that you can participate in. There will be a general description of what the survey is about, then the estimated percentage of likelihood that you will fit the demographic enough to successfully complete the survey, how long it will take to complete the survey, and how much you will be paid if you complete the survey.

In general, each survey is anywhere from 5-30 minutes to complete and upon completion each survey will pay you anywhere from $1.00-$5.00. However, it’s important to pay attention to the percentages offered for how successful they believe you will be in completing a survey. You could be 10 minutes into completing a 15 minute survey and be stopped from completing it, due to an answer you gave that disqualifies you from the study. This is more likely to happen with a survey that has a low percentage than one that gives a high percentage.

Another complaint that customers have about Only Cash Surveys is the length of time it takes for members to receive their payouts. Despite requiring PayPal accounts to ensure successful cash transactions, OnlyCashSurveys.com gives themselves 4 full weeks to fulfill a payout from the time you request it. And unfortunately customers say that it does often take that long.

But this brings me back to something I have said many times before – if you’re interested in trying to make money taking surveys, then make sure to sign up with multiple market research companies. This way, you’re far more likely to qualify for more surveys, complete more surveys, and earn more money in general.

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